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What is the typical minimum balance required for savings accounts and CDs?

Some types of savings accounts come with minimum balance requirements. Here’s a look at the typical minimum balance needed to open a traditional savings accounts or CD. ....

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Oakland Organizations Champion Financial Literacy Empowering Residents with Vital Resources |

Rising numbers of unbanked or underbanked individuals, largely due to unmet minimum balance requirements, have become a growing concern. However, organizations across Oakland are stepping up, waging a war against the financial illiteracy that’s plaguing some residents. Up to 4% of Alameda County’s residents lack access to basic banking services, with Black and Hispanic communities making up the majority of that unbanked or underbanked population. | By Magaly Muñoz Rising numbers of unbanked or underbanked individuals, largely due to unmet minimum balance requirements, have become a growing concern. However, organizations across Oakland are stepping up, waging a war against the financial illiteracy that’s plaguing some residents. Up to 4% of Alameda County’s residents lack access to basic banking services, with Black ....

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